Intuit Inc. (NASDAQ:INTU) Shares Bought by Cottonwood Capital Advisors LLC

Cottonwood Capital Advisors LLC lifted its holdings in shares of Intuit Inc. (NASDAQ:INTU) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 486 shares of the software maker’s stock after acquiring an additional 115 shares during the period. Cottonwood Capital Advisors LLC’s holdings in Intuit were worth $305,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INTU. AQR Capital Management LLC grew its stake in shares of Intuit by 37.3% during the 2nd quarter. AQR Capital Management LLC now owns 50,487 shares of the software maker’s stock worth $32,954,000 after purchasing an additional 13,721 shares during the period. MBB Public Markets I LLC grew its holdings in shares of Intuit by 1,975.7% during the second quarter. MBB Public Markets I LLC now owns 19,906 shares of the software maker’s stock worth $13,082,000 after buying an additional 18,947 shares in the last quarter. Legal & General Group Plc raised its holdings in Intuit by 1.0% in the 2nd quarter. Legal & General Group Plc now owns 2,340,555 shares of the software maker’s stock valued at $1,538,236,000 after acquiring an additional 23,995 shares during the last quarter. Oliver Lagore Vanvalin Investment Group lifted its position in Intuit by 29.8% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 3,119 shares of the software maker’s stock worth $2,050,000 after buying an additional 716 shares during the period. Finally, Texas Capital Bank Wealth Management Services Inc grew its holdings in Intuit by 3.1% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 12,969 shares of the software maker’s stock valued at $8,523,000 after purchasing an additional 396 shares during the period. 83.66% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Lauren D. Hotz sold 1,078 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $619.28, for a total transaction of $667,583.84. Following the completion of the transaction, the chief accounting officer now directly owns 1,864 shares in the company, valued at $1,154,337.92. The trade was a 36.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Sandeep Aujla sold 109 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $628.50, for a total transaction of $68,506.50. Following the completion of the transaction, the chief financial officer now directly owns 1,944 shares in the company, valued at $1,221,804. The trade was a 5.31 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 293,014 shares of company stock valued at $188,992,187. Corporate insiders own 2.68% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on INTU shares. Stifel Nicolaus cut their price target on shares of Intuit from $795.00 to $725.00 and set a “buy” rating on the stock in a report on Friday, November 22nd. Royal Bank of Canada reiterated an “outperform” rating and set a $760.00 target price on shares of Intuit in a research note on Friday, November 22nd. Barclays lowered their price objective on Intuit from $800.00 to $775.00 and set an “overweight” rating for the company in a report on Friday, November 22nd. Jefferies Financial Group lifted their price target on shares of Intuit from $790.00 to $800.00 and gave the company a “buy” rating in a report on Friday, November 22nd. Finally, StockNews.com upgraded Intuit from a “hold” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $726.53.

Intuit Stock Performance

Shares of NASDAQ:INTU opened at $597.95 on Friday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.31. Intuit Inc. has a 12-month low of $557.29 and a 12-month high of $714.78. The firm has a market cap of $167.38 billion, a PE ratio of 58.05, a PEG ratio of 3.01 and a beta of 1.25. The company’s 50 day moving average price is $638.48 and its two-hundred day moving average price is $635.52.

Intuit (NASDAQ:INTU) last issued its earnings results on Thursday, November 21st. The software maker reported $2.50 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.14. Intuit had a net margin of 17.59% and a return on equity of 18.25%. The firm had revenue of $3.28 billion for the quarter, compared to analyst estimates of $3.14 billion. During the same quarter last year, the business posted $1.14 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Equities research analysts predict that Intuit Inc. will post 14.09 earnings per share for the current year.

Intuit Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, January 9th were issued a dividend of $1.04 per share. This represents a $4.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Friday, January 10th. Intuit’s dividend payout ratio is currently 40.39%.

About Intuit

Intuit Inc provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.